News for hackers. Stuff that matters.
Re:The richest families in Florence in 1427 are still the ri... by goofingaround on Thursday January 10, 2019 @09:54AM (#18874209)
Why do you think so? Given the magnitude of the result, the mechanism might be genetics rather than social immobility.
Re:The richest families in Florence in 1427 are still the ri... by verbify on Thursday January 10, 2019 @11:57AM (#18875427)
Surnames are heritable through the male line only. Genes are heritable through both parents. Wealth is some societies is heritable mostly through the male line, and in other societies through both lines.

Assuming that in the ~584 odd years from the study to the present day that 20 generations passed (average of 30 years per generation), the specific great-great-grandparent who passed on that name has roughly a 0.5^30 on that person (which is an infinitesimally small number).

However, rich people usually marry rich people. It's likely these results aren't just direct inheritance, or direct genetics, but it shows stratification within Italian society.

Re:The richest families in Florence in 1427 are still the ri... by femiagbabiaka on Thursday January 10, 2019 @10:07AM (#18874313)
How could someone be genetically predisposed to make more money?
Re:The richest families in Florence in 1427 are still the ri... by ikeboy on Thursday January 10, 2019 @10:15AM (#18874372)
IQ is highly hereditable and has a higher correlation with income than the 5% here.
Re:The richest families in Florence in 1427 are still the ri... by vezycash on Thursday January 10, 2019 @01:01PM (#18876203)
Soft skills, have been shown to be a higher predictor of income than IQ.

You are right that something's been passed down - but it's not the genes. It's the social connection to:

* Get jobs without applying for them.

* To learn important economic news before anyone hears them. E.g. President bought 1200 Cuban cigar just before banning imports from CUBA. Read this: https://www.cigaraficionado.com/index.php/article/great-mome...

* To get contracts regardless of ones qualifications. I've read that Aristocrats ensure their kids have ivy league degrees to maintain a illusion of fairness.

There's an article I read here on HN that says, Ivy league schools are successful because they select applicants who would be successful without them.

Re:The richest families in Florence in 1427 are still the ri... by ikeboy on Thursday January 10, 2019 @01:15PM (#18876348)
If genetics doesn't affect income, why is there a correlation between identical twins raised separately?

See e.g. https://helda.helsinki.fi/bitstream/handle/10138/38881/HECER...

Re:The richest families in Florence in 1427 are still the ri... by marnett on Thursday January 10, 2019 @01:50PM (#18876695)
It wasn't stated there is no effect, just that social class has a larger impact at the highest rungs of society.
Re:The richest families in Florence in 1427 are still the ri... by ikeboy on Thursday January 10, 2019 @01:57PM (#18876789)
>You are right that something's been passed down - but it's not the genes.

That sounds like a claim that there's no causal connection running through genes.

Re:The richest families in Florence in 1427 are still the ri... by JohnJamesRambo on Thursday January 10, 2019 @10:55AM (#18874721)
I would posit the other question, how could they not?

Propensity to lying, cheating, saving, nepotism, length of life, fecundity, access to healthcare, intelligence, math ability and so many more factors are easily inheritable.

Re:The richest families in Florence in 1427 are still the ri... by brixon on Thursday January 10, 2019 @10:12AM (#18874350)
It's been nurtured so long that it feels like nature.
Re:The richest families in Florence in 1427 are still the ri... by tapland on Thursday January 10, 2019 @10:22AM (#18874436)
Yeah. Even if they were genetically dispossessed to have higher IQs, better health and extreme motivation it should have been pretty genetically diluted after 600 years.
Re:The richest families in Florence in 1427 are still the ri... by gwern on Thursday January 10, 2019 @10:54AM (#18874719)
Assortative mating can help maintain or increase any endowment. Think of that as being a within-family/smaller-scale version of the existing genetic gradient by SES (eg "The Genetics of Success: How Single-Nucleotide Polymorphisms Associated With Educational Attainment Relate to Life-Course Development" https://www.gwern.net/docs/genetics/correlation/2016-belsky.... , Belsky et al 2016; "Genetic analysis of social-class mobility in five longitudinal studies" http://www.pnas.org/content/early/2018/07/03/1801238115 , Belsky et al 2018a.)